Global Oil & Gas Pipeline Fabrication & Construction Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
The "Global
Oil & Gas Pipeline Fabrication & Construction Market - Growth, Trends,
and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's
offering.
The global crude oil and natural gas consumption registered a growth
rate of 1.6% and 1.5% respectively.
Natural gas is a clean fuel and several large and small oil & gas
consuming nations have registered a robust growth rate in natural gas
consumption compared to crude oil, over the past few years. Large
economies, such as France, Germany, the United Kingdom, Israel, Egypt,
China, and India, have recorded CAGR of over 7.0% in 2016, for gas
consumption.
In 2016, Asia-Pacific accounted for around 34% and 20% of crude oil and
natural gas consumption respectively and is the largest segment of the
oil & gas pipeline fabrication and construction market. In Asia-Pacific,
India and China are expected to lead the market, as both the countries
are planning to expand their pipeline networks, to meet the increasing
demand for oil and gas. As of June 2017, China had 112,000 km of oil &
gas pipeline and is expected to reach 240,000 km by 2025.
The United States is one of the largest consumers of crude oil and
natural gas, accounting for around 20% of the global consumption. The
country is planning to increase the share of natural gas in its energy
mix. Several large inter-state natural gas pipeline networks have come
online during the past few years. In 2016, the Federal Energy Regulatory
Commission (FERC) recorded around 17.6 billion cubic feet per day
(bcf/d) of new natural gas pipeline capacity. Till March 2017, more than
7.0 bcf/d was certified by FERC. The increasing oil & gas pipeline
capacity in the United States is expected to boost the market.
Companies Mentioned
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Snelson Companies Inc.
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Bechtel Corporation
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Pumpco Inc.
-
Barnard
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Tenaris
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Sunland Construction Inc.
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Shengli Oil & Gas Pipe Holdings Limited
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Gateway Pipeline LLC
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Ledcor Group
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Larsen & Toubro Limited
Key Topics Covered:
1. Executive Summary
2. Research Methodology
3. Market Overview
4. Market Dynamics
5. Value Chain Analysis
6. Industry Attractiveness - Porter's Five Forces Analysis
7. Regional Market Analysis
8. Key Company Analysis
9. Competitive Landscape
10. Appendix
For more information about this report visit https://www.researchandmarkets.com/research/926hmr/global_oil_and?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180525005321/en/
Copyright Business Wire 2018
Source: Business Wire
(May 25, 2018 - 9:17 AM EDT)
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